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Montgomery County

Learn about the people, housing, costs and businesses in Montgomery County County

Median Home$113,929
Median Rent$750/month
Population27,942
Leading IndustriesManufacturing · Transportation · Agriculture & Mining2% manufacturing
Home Value Growth⬆⬆+11.8% over 2 years
Retirees21% of residentsnear the national average
Homeowners77% of occupied units
NotableVeteran Community9% of residents · top 20% nationally
NotableAffordable Market$114k median home · lower cost than 88% of the country
Montgomery County
IL

Frequently Asked Questions

What are today's mortgage rates in Montgomery County?

As of today, the 30-year fixed mortgage rate for Montgomery County is approximately 7.294% (7.333% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Montgomery County?

The median home value in Montgomery County is $114k. The median monthly rent is $750. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Montgomery County?

Home values in Montgomery County have increased 11.8% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Montgomery County?

Based on a typical all-in ownership cost of $790/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $34k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Montgomery County is $64k/year.

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What industries drive the economy in Montgomery County?

The largest employment sectors in Montgomery County are public administration (24%) and wholesale trade (9%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.

🗺️ Nearby Areas

Adjacent counties and areas